Leases	6 Months Ended
Jun. 30, 2025
Leases [Abstract]
Leases	8. Leases In February 2025, the Company entered into a lease agreement for office space in Berkeley Heights, New Jersey. In accordance with ASC 842, the Company has determined the lease commencement will occur upon substantial completion of lessor-owned improvements, which is expected in the third quarter of 2025. The lease is expected to terminate in November 2031. The Company can extend the lease term twice for an additional three years and can terminate the lease after four years and four months after the lease commencement date with a termination penalty of $0.3 million. The total undiscounted payments under this lease are approximately $2.1 million, excluding any extension or termination options. In addition to the base rent, the Company will pay its share of operating expenses and taxes. The lessor will provide a tenant improvement allowance of up to $0.4 million, which the Company intends to fully utilize. As of June 30, 2025, the Company has incurred $0.3 million of costs eligible for the tenant improvement allowance. In connection with the signing of the lease, the Company secured a letter of credit in favor of the lessor in the amount of $0.5 million, which will be reduced to $0.2 million over five years. The letter of credit is recorded as restricted cash in the condensed consolidated balance sheet as of June 30, 2025.

Leases

6 Months Ended

Jun. 30, 2025

8. Leases

In February 2025, the Company entered into a lease agreement for office space in Berkeley Heights, New Jersey. In accordance with ASC 842, the Company has determined the lease commencement will occur upon substantial completion of lessor-owned improvements, which is expected in the third quarter of 2025. The lease is expected to terminate in November 2031. The Company can extend the lease term twice for an additional three years and can terminate the lease after four years and four months after the lease commencement date with a termination penalty of $0.3 million. The total undiscounted payments under this lease are approximately $2.1 million, excluding any extension or termination options. In addition to the base rent, the Company will pay its share of operating expenses and taxes. The lessor will provide a tenant improvement allowance of up to $0.4 million, which the Company intends to fully utilize. As of June 30, 2025, the Company has incurred $0.3 million of costs eligible for the tenant improvement allowance.

In connection with the signing of the lease, the Company secured a letter of credit in favor of the lessor in the amount of $0.5 million, which will be reduced to $0.2 million over five years. The letter of credit is recorded as restricted cash in the condensed consolidated balance sheet as of June 30, 2025.